The Chinese Communist Party has launched an antitrust probe against Alibaba Group, Jack Ma's e-commerce and tech giant. The probe follows the government's recent crackdown on business monopolies.
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An Indian court has summoned Jack Ma, Alibaba's founder, and the firm, in a case in which a former employee alleges he was wrongfully fired after he objected to fake news on UC Web and UC Browser.
Chinese conglomerate Alibaba has announced that its founder, Jack Ma, will be stepping down as chairman next year. He is to be succeeded by the company's present CEO, Daniel Zhang.
Alibaba is buying all the remaining outstanding shares of Ele.me as part of the Chinese e-commerce giant's efforts to further deepen its stake in the country's food and local services delivery market.